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Traders cautious ahead of tech earnings & FOMC meeting. S&P 500 & Nasdaq 100 down, Dow slightly up. Dollar & Treasury steady. JOLTS & home price data positive. UPS falls 7%, GM up 8%, Danaher up 3.5%, MSCI up 10%, Lucid up 10%, Schlumberger down 8%.
Stocks mixed in New York, with investors assessing mild inflation report and strong personal spending figures. Short-term Treasury yields rise, tech stocks lag, and Bitcoin surges 4.9%. Intel stock falls 12% despite positive earnings, while semiconductors sell off.
It’s a bullish day on Wall Street, with major U.S. large-cap indices reaching record highs, driven by broad-based rallies in tech-related stocks as investors continue to embrace the AI trade.
Stock market hits record highs, tech stocks lead with all-time highs and strong economic data, Fed rate cuts unlikely.
During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates.